The Anti-Monopoly and Economic Fairness Act
Address Corporate Consolidation and Excessive Wealth and Power
Purpose
The purpose of this Act is to break up monopolistic corporations and prevent excessive consolidation of wealth and power that undermines free markets, democracy, and economic equality.
Findings
Congress finds that:
(a) Large conglomerates, including private equity firms like Blackstone, Amazon, Google, and others, have amassed disproportionate economic power, distorting markets and stifling competition.
(b) These entities leverage their wealth to influence policymakers and regulatory frameworks to their advantage, often at the expense of the public good.
(c) Excessive corporate power leads to wage suppression, increased inequality, and reduced consumer choice.
Anti-Monopoly Actions
(a) The Federal Trade Commission (FTC) and Department of Justice (DOJ) shall identify and break up monopolistic corporations across industries, prioritizing:
(i) Technology (e.g., Big Tech companies controlling data and markets).
(ii) Private equity firms (e.g., Blackstone) with undue influence across multiple sectors, including real estate, healthcare, and education.
(iii) Retail and agriculture giants dominating supply chains.
(b) Prohibition of Vertical Integration:
(i) Companies operating in multiple stages of supply chains must divest overlapping operations to ensure fair competition.
Restrictions on Political Influence
(a) Ban on Corporate Contributions:
(i) Corporations shall be prohibited from directly or indirectly contributing to political campaigns or lobbying efforts.
(b) Transparency:
(i) All political contributions by executives or employees of corporations above $1,000 shall be publicly disclosed.
Wealth and Power Caps
(a) Wealth Diversification Requirements:
(i) Corporations with assets exceeding $100 billion shall face mandatory diversification to reduce market dominance.
(b) Limits on Share Ownership:
(i) Private equity firms and conglomerates shall be restricted in the percentage of market share they can own in any given industry.
Penalties for Violations
(a) Corporations found in violation of anti-monopoly regulations will face:
(i) Fines equal to 10% of annual global revenue.
(ii) Mandatory divestiture of monopolistic holdings.
Section 8. Effective Date
This Act shall take effect within six months of enactment.
